Politicians who say that no one can become a billionaire without cheating are effectively saying that no company can make $200 million a year in profit without cheating. (A startup making $200m might be worth around $7b, and a founder might own 15% = $1b.)
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If Paul's 15% was owned by the employees who created the value, no individual would be so rich, but everyone who contributed would be better off. If it goes on an inverse square root, there's no poverty at the bottom and the CEO is still many times richer.
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So what’s the number for too rich?
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This is a math problem. What's the number for too poor?
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There isn’t.
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Replying to @theSamParr @davelab6 and
Well there is a number for poor and it’s called the poverty threshold. we shouldn’t be letting people get past that.
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Ok. So what about the people who took on massive debt so they could take a risk and build a great business. They’re net worth could be negative for years until success comes. If there are limits at the top and bottom does that mean they aren’t allowed to do that in your world?
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